Question

DATA MANAGEMENT GRADE 12! HELP

Between periods at a hockey game, some fans are selected to shoot a puck at the net from each of 10 m, 15 m and 30 m, with winnings of $50, $100 and $1000 per goal scored, respectively. The chance of scoring from each position has been estimated to be 60%, 20% and 2%, respectively. What is the expected payout per fan? Question 6 options: $140 $70 $2300 $26 620

Answer 1

There are winnings of $50 ( 60% ), $100 ( 20% ) and $1,000 ( 2% ).
$50 * 0.6 = $30
$100 * 0.2 = $20
$1,000 * 0.02 = $20
$30 + $20 + $20 = $70
Answer: The expected payout per fan is $70.